nVent Electric PLC $NVT Shares Sold by Busey Bank

Key Points

• Busey Bank reduced its stake in nVent Electric PLC by 1.2%, selling 2,550 shares and holding 206,224 shares valued at $15.1 million at the end of the 2nd quarter.
• Insider selling included Chief Accounting Officer Randolph A. Wacker, who sold 3,000 shares for approximately $267,270, and EVP Aravind Padmanabhan, who sold 24,534 shares for about $2.2 million.
• nVent Electric recently reported earnings per share of $0.86, exceeding analysts' expectations, and has set FY 2025 guidance at 3.220-3.300 EPS.

Busey Bank lessened its holdings in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,224 shares of the company's stock after selling 2,550 shares during the quarter. Busey Bank owned approximately 0.13% of nVent Electric worth $15,106,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. SVB Wealth LLC acquired a new stake in nVent Electric in the 1st quarter worth approximately $25,000. Capital A Wealth Management LLC acquired a new stake in nVent Electric in the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC lifted its holdings in nVent Electric by 467.3% in the 1st quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock worth $32,000 after purchasing an additional 500 shares during the last quarter. Hughes Financial Services LLC acquired a new position in shares of nVent Electric during the first quarter worth approximately $36,000. Finally, Park Square Financial Group LLC acquired a new position in shares of nVent Electric during the fourth quarter worth approximately $38,000. Institutional investors own 90.05% of the company's stock.

nVent Electric Price Performance

Shares of NVT traded up $0.36 during trading hours on Friday, hitting $99.01. 3,830,151 shares of the company were exchanged, compared to its average volume of 1,629,500. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50. nVent Electric PLC has a fifty-two week low of $41.71 and a fifty-two week high of $99.44. The company has a market cap of $15.94 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 1.54 and a beta of 1.39. The firm's fifty day moving average is $87.40 and its 200 day moving average is $70.46.

nVent Electric (NYSE:NVT - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The firm had revenue of $963.10 million during the quarter, compared to the consensus estimate of $906.96 million. During the same period last year, the company earned $0.82 earnings per share. The business's quarterly revenue was up 30.1% on a year-over-year basis. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. On average, equities analysts anticipate that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NVT. Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. KeyCorp upped their target price on nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Citigroup upped their target price on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Royal Bank Of Canada restated an "outperform" rating and set a $102.00 target price (up previously from $85.00) on shares of nVent Electric in a report on Monday, August 4th. Finally, The Goldman Sachs Group increased their target price on nVent Electric from $99.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to data from MarketBeat.com, nVent Electric has a consensus rating of "Buy" and an average price target of $90.43.

Insider Activity at nVent Electric

In related news, CEO Beth Wozniak sold 42,331 shares of nVent Electric stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $89.21, for a total transaction of $3,776,348.51. Following the sale, the chief executive officer directly owned 49,196 shares in the company, valued at $4,388,775.16. The trade was a 46.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Lynnette R. Heath sold 17,853 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $89.33, for a total value of $1,594,808.49. Following the completion of the transaction, the executive vice president owned 30,512 shares of the company's stock, valued at $2,725,636.96. This represents a 36.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 261,111 shares of company stock worth $23,367,520 over the last three months. Corporate insiders own 1.80% of the company's stock.

nVent Electric Profile

nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.